OPPAX vs. SPY
Compare and contrast key facts about Invesco Global Fund (OPPAX) and State Street SPDR S&P 500 ETF (SPY).
OPPAX is managed by Invesco. It was launched on Dec 21, 1969. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
OPPAX vs. SPY - Performance Comparison
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OPPAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPPAX Invesco Global Fund | -13.35% | 15.20% | 16.16% | 34.18% | -32.18% | 15.23% | 27.64% | 31.58% | -13.65% | 36.25% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, OPPAX achieves a -13.35% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, OPPAX has underperformed SPY with an annualized return of 9.94%, while SPY has yielded a comparatively higher 13.98% annualized return.
OPPAX
- 1D
- -0.49%
- 1M
- -10.82%
- YTD
- -13.35%
- 6M
- -9.87%
- 1Y
- 5.77%
- 3Y*
- 10.98%
- 5Y*
- 3.80%
- 10Y*
- 9.94%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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OPPAX vs. SPY - Expense Ratio Comparison
OPPAX has a 1.04% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
OPPAX vs. SPY — Risk / Return Rank
OPPAX
SPY
OPPAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Fund (OPPAX) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| OPPAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 0.93 | -0.63 |
Sortino ratioReturn per unit of downside risk | 0.60 | 1.45 | -0.86 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.22 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | -0.27 | 1.53 | -1.79 |
Martin ratioReturn relative to average drawdown | -0.92 | 7.30 | -8.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OPPAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.93 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.69 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.78 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.56 | -0.09 |
Correlation
The correlation between OPPAX and SPY is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OPPAX vs. SPY - Dividend Comparison
OPPAX's dividend yield for the trailing twelve months is around 28.62%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPAX Invesco Global Fund | 28.62% | 24.79% | 11.93% | 10.72% | 14.18% | 7.18% | 5.72% | 1.35% | 12.92% | 5.92% | 0.69% | 5.17% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
OPPAX vs. SPY - Drawdown Comparison
The maximum OPPAX drawdown since its inception was -60.39%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OPPAX and SPY.
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Drawdown Indicators
| OPPAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.39% | -55.19% | -5.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -12.05% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -41.90% | -24.50% | -17.40% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -33.72% | -8.18% |
Current DrawdownCurrent decline from peak | -16.26% | -6.24% | -10.02% |
Average DrawdownAverage peak-to-trough decline | -15.49% | -9.09% | -6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.48% | 2.52% | +2.96% |
Volatility
OPPAX vs. SPY - Volatility Comparison
Invesco Global Fund (OPPAX) has a higher volatility of 5.94% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that OPPAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 5.31% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 9.47% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.07% | 19.05% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.11% | 17.06% | +4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.58% | 17.92% | +2.66% |